Money Moves
Apple Passes Nvidia At $5 Trillion. iPad Mini: Rs 82,900
The Take
Apple ended Friday worth $5.03 trillion, just ahead of Nvidia. In June, it raised the iPad mini's Indian price from Rs 49,900 to Rs 69,900 and said it was "working tirelessly to find solutions." The new iPad mini costs Rs 82,900.
The Wire
Apple closed at a market value of $5.03 trillion on 30 October, ahead of Nvidia at $4.93 trillion, as chip stocks fell, Ada Derana and FourWeekMBA reported. Apple's shares fell 1.2% that day and Nvidia's fell 4.2%.
Why it matters
The world's most valuable company said in June it was working to find solutions, while its Indian prices keep climbing.
The receipts
Source: Ada Derana